March 24, 2026

exports

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China trade holds strong: Exports hit six month high despite Trump’s tariff row; imports rose 7.4% in September

contact@dailyupdatesindia.com03 mins

China’s overseas soared in September, beating analysts’ expectations, despite the ongoing trade tensions with the United States, according to official data.China’s exports in September hit a six month peak, surging 8.3% year-on-year to $328.5 billion, beating economists’ expectations, according to customs data released Monday. The growth far outpaced August’s 4.4% rise and exceeded Bloomberg’s forecast…

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US to hike China tariffs to 130%: What deadline Trump has set for ‘banning’ software exports to China

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US-China trade war seems to have triggered again after months of thaw. In a long-message posted on social media platform, Truth Social, Donald Trump, said the United States would impose new tariffs of 100% on imports from China “over and above any Tariff that they are currently paying”. The post comes amid fresh tensions between…

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Trump sanctions hit! Indian nationals among 50 entities sanctioned by US for facilitating Iran oil, LPG exports; here’s what’s happened

contact@dailyupdatesindia.com03 mins

The United States on Thursday imposed a new round of sanctions accusing individuals and entities of helping Iran export oil and liquefied petroleum gas (LPG). A release by the US department of the treasury’s office of foreign assets control (OFAC) announced sanctions on over 50 individuals, companies and vessels for their alleged roles.According to an…

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India losing trade ground? China crucial for manufacturing exports, says Niti Ayog CEO; tariff cuts needed on key inputs

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India’s trade position risks losing ground in global markets without increased exports to China and reduced import duties on raw materials, warned the head of a government policy think tank on MondayNITI Aayog CEO BVR. Subrahmanyam emphasised that strengthening trade relations with China is crucial for enhancing India’s manufacturing exports, particularly as Asia emerges as…

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Defence exports boost: Armoured Vehicles Nigam seeks to rope in international partners; aims to sell platforms, vehicles and spare parts

contact@dailyupdatesindia.com01 mins

Armoured Vehicles Nigam (AVANI), India’s leading producer of armoured platforms, is looking to expand internationally and is scouting for partners to market its products overseas. The company is targeting Africa, West Asia, Central Asia, and Southeast Asia for potential channel partnerships to export its vehicles, spare parts, and maintenance support.AVANI manufactures key defence platforms, including…

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India-EFTA trade pact: Swiss wines, chocolates and apparel to get cheaper; Indian exports to get wider market access

contact@dailyupdatesindia.com02 mins

The India-European Free Trade Association (EFTA) free trade agreement, coming into effect from Wednesday, will make several Swiss products, including wines, chocolates, apparel, and watches, cheaper in the Indian market.The agreement, signed in March 2024 under the Trade and Economic Partnership Agreement (TEPA), also opens greater market access for India’s labour-intensive exports such as tea,…

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Kurdistan oil exports: Iraq resumes supply after two-year halt; over $35 bn revenue lost during shutdown

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Iraq has restarted oil exports from its autonomous Kurdistan region, ending a suspension that lasted more than two years because of legal disputes and pipeline closures.Baghdad’s oil ministry confirmed on Saturday that crude is once again moving through the Iraq-Turkey pipeline. The line, which had been closed since 2023, has been at the centre of…

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Trump’s 100% pharma tariffs: How bad will India’s pharmaceutical exports be hit? ‘Low-cost generic model may offer cushion’

contact@dailyupdatesindia.com06 mins

India exports a significant amount of pharmaceutical drugs to the US. (AI image) US President Donald Trump’s latest announcement of 100% tariffs imported branded or patented pharmaceutical products has sent shockwaves through pharma companies around the world.Trump announced on Truth Social that effective October 1, 2025, a 100% tariff will be applicable on imported branded…

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MoU on the table: India eyes deeper agricultural ties with Russia; focus on boosting exports

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Union Minister of Agriculture and farmers’ welfare Shivraj Singh Chouhan meets Russia’s Deputy Prime Minister Dmitry Patrushev (ANI photo) Agriculture Minister Shivraj Singh Chouhan and Russian Deputy Prime Minister Dmitry Patrushev convened on Friday to explore ways to bolster bilateral agricultural cooperation, with both nations showing willingness to establish a formal memorandum of understanding.The leaders…

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